RHB Retail Research said Eastern & Oriental Bhd may extend its uptrend after undergoing a bullish breakout.

Kerjaya Prospek Property Bhd’s net profit for the third quarter ended Dec 31, 2023 (3QFY2024) rose a marginal 1.65% to RM23.91 million from RM23.53 million a year ago, as higher costs compressed its margins.

Property developer Titijaya Land Bhd has appointed former Kuala Lumpur mayor Datuk Seri Mahadi Che Ngah as its new independent non-executive chairman.

Department store and mall operator Aeon Co (M) Bhd said on Friday that its net profit rose 31% in the fourth quarter from a year earlier, thanks to higher occupancy rate, rental renewals and cost control, while flagging risks from government policy measures.

Axis Real Estate Investment Trust (Axis REIT) announced that the group has entered into a sales and purchase agreement (SPA) with Amsteel Mills Sdn Bhd (AMSB) for the acquisition of a leasehold industrial complex in Klang for RM49 million, cash.

Sime Darby Property Bhd (SDP), whose share price jumped to a four-year high following its FY2023 earnings released earlier on Friday, said the weakening of the ringgit could impact its profit margins due to higher costs of raw materials.

Eco World International Bhd, which mainly develops real estate in the United Kingdom and Australia, said it aims to clear its inventory worth RM850 million and distribute excess cash for the financial year ending Oct 31, 2024.

Prime Minister Datuk Seri Anwar Ibrahim on Friday announced incentives for companies relocating their bases to the country’s new international financial centre (IFC), the Tun Razak Exchange (TRX) here.

Sime Darby Property Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) rose 27.25% to RM131.26 million from RM103.15 million a year earlier, thanks to strong top line contributions and higher profit from the property development segment.

Pintaras Jaya Bhd has been awarded eight piling contracts in Singapore worth a total of RM170 million since August 2023.